FOHAL Romain: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FOHAL Romain
Largest movements
- Receivables within one year +€80,325
up €80,325 (+95.5%), from €84,129 to €164,454
of which Trade receivables: +€82,155
- Cash -€43,655
down €43,655 (-24.4%), from €178,852 to €135,197
mainly Receivables within one year (-€80,325) and Other debts (-€39,249)
- Stocks and contracts +€11,531
up €11,531 (+81.8%), from €14,088 to €25,619
- Tangible fixed assets -€10,320
down €10,320 (-51.4%), from €20,064 to €9,744
of which Leasing and similar rights: -€8,445
- Profit (loss) carried forward +€52,623
up €52,623 (+51.7%), from €101,777 to €154,399
- Other debts -€39,249
down €39,249 (-32.8%), from €119,824 to €80,575
- Trade debts +€27,500
up €27,500 (+62.3%), from €44,175 to €71,675
- Debts after one year -€4,386
down €4,386 (-45.9%), from €9,546 to €5,160
- Tax, wage and social debts +€3,869
up €3,869 (+299%), from €1,295 to €5,164
of which Taxes: +€5,098
- Gross operating margin +€31,774
up €31,774 (+31.8%), from €99,958 to €131,732
- Taxes +€9,828
up €9,828 (+67.2%), from €14,628 to €24,456
- Staff costs -€5,611
down €5,611 (-42.6%), from €13,184 to €7,574
- Depreciation -€3,581
down €3,581 (-25.2%), from €14,233 to €10,652
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,464 | €336,359 | +€38,895 | +13.1% |
| Formation expenses | 20 | €30 | - | -€30 | |
| Fixed assets | 21/28 | €20,365 | €9,744 | -€10,621 | -52.2% |
| Intangible fixed assets | 21 | €301 | - | -€301 | |
| Tangible fixed assets | 22/27 | €20,064 | €9,744 | -€10,320 | -51.4% |
| Plant, machinery and equipment | 23 | €4,787 | €3,331 | -€1,456 | -30.4% |
| Furniture and vehicles | 24 | €419 | - | -€419 | |
| Leasing and similar rights | 25 | €14,858 | €6,413 | -€8,445 | -56.8% |
| Current assets | 29/58 | €277,069 | €326,615 | +€49,546 | +17.9% |
| Stocks and contracts in progress | 3 | €14,088 | €25,619 | +€11,531 | +81.8% |
| Stocks | 30/36 | €14,088 | €25,619 | +€11,531 | +81.8% |
| Amounts receivable within one year | 40/41 | €84,129 | €164,454 | +€80,325 | +95.5% |
| Trade receivables | 40 | €72,997 | €155,151 | +€82,155 | +113% |
| Other amounts receivable | 41 | €11,132 | €9,303 | -€1,829 | -16.4% |
| Cash at bank and in hand | 54/58 | €178,852 | €135,197 | -€43,655 | -24.4% |
| Deferred charges and accrued income | 490/1 | - | €1,345 | +€1,345 | |
| Total equity and liabilities | 10/49 | €297,464 | €336,359 | +€38,895 | +13.1% |
| Equity | 10/15 | €116,777 | €169,399 | +€52,623 | +45.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,777 | €154,399 | +€52,623 | +51.7% |
| Amounts payable | 17/49 | €180,687 | €166,959 | -€13,728 | -7.6% |
| Amounts payable after more than one year | 17 | €9,546 | €5,160 | -€4,386 | -45.9% |
| Financial debts | 170/4 | €9,546 | €5,160 | -€4,386 | -45.9% |
| Amounts payable within one year | 42/48 | €171,142 | €161,800 | -€9,342 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €5,848 | €4,386 | -€1,462 | -25.0% |
| Trade debts | 44 | €44,175 | €71,675 | +€27,500 | +62.3% |
| Suppliers | 440/4 | €44,175 | €71,675 | +€27,500 | +62.3% |
| Taxes, remuneration and social security | 45 | €1,295 | €5,164 | +€3,869 | +299% |
| Taxes | 450/3 | €66 | €5,164 | +€5,098 | +7,696% |
| Remuneration and social security | 454/9 | €1,229 | - | -€1,229 | |
| Other amounts payable | 47/48 | €119,824 | €80,575 | -€39,249 | -32.8% |
| Remuneration, social security and pensions | 62 | €13,184 | €7,574 | -€5,611 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,233 | €10,652 | -€3,581 | -25.2% |
| Other operating charges | 640/8 | €1,553 | €1,046 | -€507 | -32.6% |
| Gross operating margin | 9900 | €99,958 | €131,732 | +€31,774 | +31.8% |
| Operating profit (loss) | 9901 | €70,987 | €112,460 | +€41,473 | +58.4% |
| Financial income | 75/76B | €47 | €71 | +€24 | +50.3% |
| Recurring financial income | 75 | €47 | €71 | +€24 | +50.3% |
| Financial charges | 65/66B | €599 | €153 | -€446 | -74.5% |
| Recurring financial charges | 65 | €599 | €153 | -€446 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €70,436 | €112,379 | +€41,943 | +59.5% |
| Income taxes | 67/77 | €14,628 | €24,456 | +€9,828 | +67.2% |
| Profit (loss) for the period | 9904 | €55,807 | €87,923 | +€32,115 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,807 | €87,923 | +€32,115 | +57.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.